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Questions and Answers
Which of the following is a description of a business model?
Which of the following is a description of a business model?
- Aspects of a product or service that makes it more appealing to target customers
- A profit-seeking organization that provides goods and services
- The money that a company brings in through the sale of goods and services
- A description of how the business intends to generate revenue (correct)
What is the definition of competitive advantage?
What is the definition of competitive advantage?
- Aspects of a product or service that makes it more appealing to target customers (correct)
- A profit-seeking organization that provides goods and services
- A description of how the business intends to generate revenue
- The money that a company brings in through the sale of goods and services
Which type of organization provides goods and services without seeking to make a profit?
Which type of organization provides goods and services without seeking to make a profit?
- Nonprofit organizations (correct)
- Firm
- Service businesses
- Goods-producing businesses
What does the term 'geographic reach' refer to?
What does the term 'geographic reach' refer to?
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Which type of ownership typically has several owners?
Which type of ownership typically has several owners?
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Which type of organization seeks to make a profit?
Which type of organization seeks to make a profit?
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What is the purpose of a business model?
What is the purpose of a business model?
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What is the definition of competitive advantage?
What is the definition of competitive advantage?
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What type of ownership has one owner?
What type of ownership has one owner?
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What does the term 'geographic reach' refer to?
What does the term 'geographic reach' refer to?
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